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MegadealsSubsidy Tracker Individual Entry
Company: Lucid Motors
Parent Company:
Subsidy Source: multiple
Location: Arizona
City: Casa Grande
County: Pinal
Project Description: An electric-car manufacturing plant that has promised to create approximately 6,000 direct jobs with an economic impact of more than $100 million by 2030.
Year: 2016
Subsidy Value: $54,500,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL (Archived)
Number of Jobs or Training Slots: 6,000
Capital Investment: $100,000,000
Source of Data: The state subsidy values were reported by Ronald J. Hansen, and Yvonne Wingett Sanchez in "Lucid Motors deal could cost millions more in incentives than Arizona officials initially said" link:
(click here). The city and county incentives were announced in "Tax incentive to land Lucid may top $8M" by Kevin Reagan for the Casa Grande Dispatch. Jobs and investment figures were announced in a press release from the AZ Governor's office:
(click here). Lucid Motors' Foreign-Trade Zone designation is currently being evaluated:
(click here)
Notes: Year is year subsidies first announced. In 2016, the state announced an initial deal with Lucid Motors to incentivize the company building an electric car manufacturing plant in Casa Grande. The initial deal was reported as being worth up to $46.5 million. The subsidies consisted of a $5 million grant from the Arizona Competes Fund, a $1.5 million training incentive from the Arizona Job Training Program, and up to $40 million in qualified facility tax credits. Additionally, the City of Casa Grande and Pinal County offered the company a total of $8.2 million in incentives in 2018. Lucid Motors has applied for a Foreign-Trade Zone designation that is under review as of September 2022. Overlaps with main data: a $1,500,000 grant in 2016 from the Arizona Job Training Program and a 2019 Arizona Competes Fund grant for $5,000,000.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.